Burkina Faso raised an amount of CFA33 billion (about $55.5 million) on the WAEMU public securities market through the issue of 6-month Treasury Bills (BATs).
At the end of this operation carried out on February 26, Burkina Faso collected CFA85.743 billion (about $144.3 million) for an initial requested amount of CFA30 billion (about $50.5 million), a remarkable coverage rate of 285.81%. This new issue brings to CFA55 billion (about $92.5 million) the total amount of funds mobilized by the country in only two operations on the market since the beginning of the year.
Burkina Faso experienced steady economic growth between 2015 and 2018. Indeed, after a deceleration in 2015 (3.9% after 4.3% in 2014), the real GDP growth rate showed a sustained level, rising from 5.9% in 2016 to 6.3% in 2017 and 6.8% in 2018, thanks to the return to normal constitutional life, favorable rainfall and enhanced investors’ interest.
According to estimates by the Burkinabe authorities, the country's GDP is expected to reach CFA8,547.2 billion (about $14.4 billion) in 2019 compared to CFA7,849.1 billion (about $13.2 billion) in 2018, representing a 6.0% growth rate in real GDP. Inflation rate is estimated at 1.9% in 2018 and is expected to be negative in 2019.
In 2020, Burkina Faso intends to raise a total of CFA540 billion (about $910 million) on the public securities market.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Guinea suspended demurrage fees at the Port of Conakry from December 15 to January 31. The move aims to limit the impact of port costs on consumer...
Global cocoa prices have fallen to just over $6,000 a ton, about half last year’s level. Exporters are struggling to honor contracts, leading to...
Web3 adoption is accelerating demand for blockchain developers across Africa. The role combines programming, cryptography, and decentralized systems...
Egypt signed a $200 million SAF investment deal with Qatar’s Al Mana Holding. The project marks the first Qatari industrial investment in the...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...
In line with a broad movement acknowledging colonial-era spoliations and seeking to rebalance cultural relations between Africa and Europe, countries such...